Quarterly ResultMay 7, 2026, 09:13 AM
Stratasys Q1 Revenue $132.7M; GAAP Net Loss $23.8M
AI Summary
Stratasys reported its first quarter 2026 financial results, with revenue declining to $132.7 million from $136.0 million year-over-year. The company posted a GAAP net loss of $23.8 million and a non-GAAP net loss of $1.3 million. Adjusted EBITDA decreased to $2.0 million, impacted by foreign exchange rates and tariffs, but the company maintained positive operating cash flow of $2.4 million and a strong cash position of $237.8 million with no debt. Stratasys reiterated its full-year 2026 outlook, citing resilience in a measured spending environment and strong organic growth in its Stratasys Direct segment.
Key Highlights
- Revenue decreased to $132.7 million from $136.0 million in Q1 2025, a 2.4% decline.
- GAAP net loss widened to $23.8 million, or ($0.28) per diluted share, from $13.1 million, or ($0.18) per diluted share.
- Non-GAAP net loss was $1.3 million, or ($0.01) per diluted share, compared to non-GAAP net income of $2.9 million, or $0.04 per diluted share.
- Adjusted EBITDA was $2.0 million, down from $8.2 million in Q1 2025, primarily due to foreign exchange rates and tariffs.
- Generated positive operating cash flow of $2.4 million, compared to $4.5 million in the prior year period.
- Ended the quarter with $237.8 million in cash, equivalents, and short-term deposits, with no debt.
- Stratasys Direct achieved strong 23% organic growth year-over-year.
- Reiterated 2026 full-year revenue guidance of $565 million to $575 million and Adjusted EBITDA of $25 million to $30 million.